The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.
Category: Inflation Reduction Act of 2022
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Lobbyists Begin Chipping Away at Biden’s $80 Billion IRS Overhaul
The New York Times – Business: -
California’s Plan for Cheaper Insulin Collides With Big Pharma’s Price Cuts
The New York Times – Business:The state awarded a $50 million contract to produce less costly treatments, but moves by major suppliers might undercut the initiative before any new product emerges.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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Senate Confirms Daniel Werfel as IRS Commissioner
The New York Times – Business:The new commissioner of the Internal Revenue Service will oversee the agency’s $80 billion overhaul.
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U.S. and Europe Angle for New Deal to Resolve Climate Spat
The New York Times – Business:American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The New York Times – Business:The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The New York Times – Business:The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
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Biden Budget Will Propose Tax Increase to Boost Medicare
The New York Times – Business:The president’s plan targets Americans earning more than $400,000 a year in an attempt to increase the program’s solvency by 25 years.
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U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The New York Times – Business:The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.